Bahamas-Turks and Caicos Isds Bilateral Trade Analysis 2023
Complete trade statistics: $210,293 total volume •Bahamas deficit: $210,293
Bahamas → Turks and Caicos Isds
$0
Exports (2023)
Turks and Caicos Isds → Bahamas
$210,293
Imports (2023)
Trade Balance
$210,293
Deficit for Bahamas
Total Trade
$210,293
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bahamas and Turks and Caicos Isds. Green line shows exports from Bahamas, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Bahamas-Turks and Caicos Isds commercial relationship and competitive positioning in global markets.
Bahamas → Turks and Caicos Isds Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bahamas's export portfolio to Turks and Caicos Isds demonstrates strategic specialization, with electric generating sets: with compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of an output exceeding 375kva representing a key competitive advantage in this bilateral market.
Turks and Caicos Isds → Bahamas Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bahamas's import pattern from Turks and Caicos Isds reveals significant dependencyin yachts and other vessels: for pleasure or sports, rowing boats and canoes, n.e.c. in heading no. 8903, other than inflatable, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bahamas demonstrates competitive strength in exportingelectric generating sets: with compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of an output exceeding 375kva to Turks and Caicos Isds, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $210,293 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bahamas-Turks and Caicos Isds Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $210.29 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Bahamas maintains a deficit of $210.29 thousand
- Export Focus: Bahamas's primary exports include electric generating sets: with compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of an output exceeding 375kva, perfumes and deodorizers: perfuming or deodorizing preparations n.e.c. in heading no. 3307
- Import Dependencies: Key imports from Turks and Caicos Isds include yachts and other vessels: for pleasure or sports, rowing boats and canoes, n.e.c. in heading no. 8903, other than inflatable, petroleum gases and other gaseous hydrocarbons: liquefied, propane, vehicles: public transport type (carries 10 or more persons, including driver), with both compression-ignition internal combustion piston engine (diesel or semi-diesel) and electric motor for propulsion, new or used
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $210,293 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Bahamas leveraging its comparative advantages in electric generating sets: with compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of an output exceeding 375kva.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Bahamas's specialization in electric generating sets: with compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of an output exceeding 375kvacomplements Turks and Caicos Isds's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in yachts and other vessels: for pleasure or sports, rowing boats and canoes, n.e.c. in heading no. 8903, other than inflatable.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $210,293 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $210,293 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $210.29 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in electric generating sets: with compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of an output exceeding 375kva and yachts and other vessels: for pleasure or sports, rowing boats and canoes, n.e.c. in heading no. 8903, other than inflatable demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bahamas's trade deficit of $210.29 thousand impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Bahamas and Turks and Caicos Isds represents a total trade volume of $210.29 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Bahamas, with imports exceeding exportsby $210.29 thousand.
Export Strengths
Bahamas's exports to Turks and Caicos Isds total $0.00, with competitive advantages in electric generating sets: with compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of an output exceeding 375kva, representing $156,000 orInfinity% of bilateral exports.
Import Dependencies
Imports from Turks and Caicos Isds amount to $210.29 thousand, highlighting economic interdependence in yachts and other vessels: for pleasure or sports, rowing boats and canoes, n.e.c. in heading no. 8903, other than inflatable, with Yachts and other vessels: for pleasure or sports, rowing boats and canoes, n.e.c. in heading no. 8903, other than inflatable comprising48.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bahamas's strategic sourcing from Turks and Caicos Isds. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Bahamas and Turks and Caicos Isds in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023